Jun 14 2010, 11:23 AM
QUOTE(vreis @ Jul 13 2007, 10:50 AM)
Freehold properties price is very good compare to leasehold. It will goes up faster.
BUT no matter freehold or leasehold, Gov have the right to repossess the land if it wants to. They only have to pay nominal compensation to owners.
Leasehold properties subsales is more complicated in the sense that You need state government consent which may take up to 1 yr, in which time you have to pay vendor compensation as the SPA agreement states that 3+1 mth for all prosedure to complete. BUT some of the leasehold properties won't need consent, depending on the area.
I don't think so, the S&P agreement's 3+1 bank settlement starts counting after you got the state consent. How can we hold buyer responsible, if the delay is caused by the state government?BUT no matter freehold or leasehold, Gov have the right to repossess the land if it wants to. They only have to pay nominal compensation to owners.
Leasehold properties subsales is more complicated in the sense that You need state government consent which may take up to 1 yr, in which time you have to pay vendor compensation as the SPA agreement states that 3+1 mth for all prosedure to complete. BUT some of the leasehold properties won't need consent, depending on the area.
Quote
0.0135sec
1.05
6 queries
GZIP Disabled